by Sunday | Oct 26 | Economics JAMB
A. savings over time B. investment over time C. population over time D. output over time Correct Answer: Option D – population over time Explanation Economic growth is an increase in the production of economic goods and services, compared from one period of time...
by Sunday | Oct 26 | Economics JAMB
A. gross national product B. per capital income C. real national income D. real per capital income Correct Answer: Option B – per capital income Explanation The extent to which a country has developed is majorly indicated by the country’s level of per...
by Sunday | Oct 24 | Economics JAMB
A. N2000 B. N18 000 C. N12 000 D. N8 000 Correct Answer: Option D = N8 000
by Sunday | Oct 24 | Economics JAMB
A. profit tax B. sales tax C. capital gain tax D. poll tax Correct Answer: Option B – sales tax Explanation Indirect taxes are those taxes that can be shifted from one individual to another. It is not levied directly on the income of the taxpayer, but is levied...
by Sunday | Oct 24 | Economics JAMB
A. budget B. fiscal policy C. revenue allocation D. monetary policy Correct Answer: Option B – fiscal policy Explanation Fiscal policy refers to the use of government spending and tax policies to influence economic conditions such as aggregate demand for goods...
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